Latest ABS news

  • Mercedes shifts auto ABS diesel pool with risk transfer

    Mercedes-Benz Bank is bringing a cash risk transfer deal to market via HSBC dubbed Silver Arrow S.A. Compartment 10, a German auto securitization set to comply with the ‘simple, transparent and standardised’ (STS) regulatory framework.

    • 01:45 PM
  • ABS pipeline cools after 14 deals priced

    The ABS primary market showed no signs of slowing down last week as the market rolled into summer, with issuers pricing a whopping 14 deals consisting mostly of auto ABS, two credit card ABS and a variety of esoterics.

    • 24 Jun 2019
  • Peru set to receive $60m cat bond payout

    The calculation agent for a catastrophe bond issued by Peru and the World Bank has determined that the South American country will receive $60m from the notes after an earthquake struck last month, according to a source close to the deal.

    • 21 Jun 2019
  • More issuers popularizing 'E' notes in aircraft ABS

    Equity notes are gaining wider acceptance among investors in the aircraft ABS sector, and the market should expect to see more of them going forward — at least until buyers can find a higher yielding alternative.

    • 20 Jun 2019
  • Sunnova, Dividend deals light up solar ABS sector

    A deal priced by residential solar finance company Sunnova on Wednesday and another waiting in the wings from Dividend Finance injected a shot of life into the solar securitization sector this week, pushing year to date volume in the asset class over $1bn.

    • 19 Jun 2019
  • ExteNet preps first ever small cell wireless deal

    Wireless network provider ExteNet is preparing an inaugural $443m securitization backed by small cell tower revenues, the first such deal to be backed by distributed network systems (DNS).

    • 19 Jun 2019
  • GlobalCapital launches Sustainable Financing and Investing Survey

    GlobalCapital is conducting a global research survey on the fast-changing markets for sustainable financing and investing. It will combine the views of issuers and investors to give a nuanced picture of how this trend is changing capital markets for both groups.

    • 19 Jun 2019
  • CaixaBank takes on multi-role SME securitization

    CaixaBank is planning to issue a self-arranged €1.83bn securitization of small and medium sized enterprise ABS notes, made up of lease receivables.

    • 19 Jun 2019
  • Improve borrower experience to make CMBS more attractive

    CMBS is still a dismal experience for commercial mortgage borrowers, said attendees at CRE Financial Council last week, and improvements to the process to make it a more attractive option are slow to arrive.

    • 18 Jun 2019
  • Markets welcome EU Sustainable Finance announcements

    Four major announcements have been made today by the European Commission and its Technical Expert Group, which is drafting the substance of several parts of its multi-faceted Sustainable Finance Action Plan. There were new texts on the Taxonomy, Green Bond Standard and Low Carbon Benchmarks regulations as well as guidelines for companies on how to report climate change-related information. Many market participants welcomed them.

    • 18 Jun 2019

ABS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 50,762.12 164 10.68%
2 JPMorgan 43,849.74 130 9.22%
3 Wells Fargo Securities 37,970.87 112 7.99%
4 Bank of America Merrill Lynch 36,015.87 117 7.58%
5 Credit Suisse 30,953.64 97 6.51%